Rightmove plc (LON:RMV) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Rightmove plc (LON:RMV) have been given an average rating of “Hold” by the six ratings firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is GBX 702.33.

Several equities research analysts recently weighed in on RMV shares. JPMorgan Chase & Co. reduced their price target on Rightmove from GBX 521 to GBX 489 and set an “underweight” rating on the stock in a research note on Thursday. Jefferies Financial Group lowered their price objective on Rightmove from GBX 485 to GBX 465 and set an “underperform” rating for the company in a research report on Tuesday, November 25th.

Rightmove Trading Down 1.1%

RMV stock traded down GBX 4.90 during trading on Thursday, reaching GBX 440.20. The company had a trading volume of 190,914,750 shares, compared to its average volume of 28,246,689. The company has a debt-to-equity ratio of 13.13, a current ratio of 1.89 and a quick ratio of 2.55. Rightmove has a 52 week low of GBX 410.70 and a 52 week high of GBX 827. The business has a 50 day moving average of GBX 465.24 and a 200 day moving average of GBX 566.88. The company has a market cap of £3.34 billion, a P/E ratio of 16.93, a PEG ratio of 2.58 and a beta of 0.99.

Rightmove (LON:RMV) last posted its quarterly earnings data on Friday, February 27th. The company reported GBX 29.10 earnings per share for the quarter. Rightmove had a return on equity of 264.68% and a net margin of 51.06%. As a group, sell-side analysts forecast that Rightmove will post 30.2327791 earnings per share for the current fiscal year.

Insider Transactions at Rightmove

In other Rightmove news, insider Ruaridh Hook acquired 2,077 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were acquired at an average price of GBX 457 per share, with a total value of £9,491.89. Also, insider Johan Svanström bought 4,328 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were acquired at an average cost of GBX 461 per share, with a total value of £19,952.08. Company insiders own 0.37% of the company’s stock.

Rightmove Company Profile

Rightmove plc, together with its subsidiaries, operates online digital property advertising and information portals in the United Kingdom and internationally. The company operates through Agency, New Homes, and Other segments. The Agency segment provides property resale and letting advertising services on its platforms. The segment also offers tenant references and rent guarantee insurance services to landlords. The New Homes segment provides property advertising services to new home developers and housing associations on its platforms.